Supply Chain Management Overview
Why is this Important?
For EGCO Group, supply chain management is essential to optimize our business performance and ensure operational efficiency. An effective supply chain drives revenue growth, reduces costs, and minimizes procurement risks associated with the purchase of goods and services, making our suppliers a key stakeholder group in our business operations and processes. As such, we have guidelines in place to facilitate sustainable management in the supply chain and achieve organizational results and targets.
Stakeholder Impact on Materiality Topics
Employee
Investors
Supplier & Business Partner
Customers
Management Approach
Supply Chain Management Target

Supply Chain Management
EGCO Group has supplier management guidelines that govern best practices at every stage of the organization’s supply chain to reduce risks associated with our electric production and capacity.
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Supply Chain Management Strategy
EGCO Group is committed to the sustainable procurement of goods and services, operating with excellence, transparency, and fairness in all processes.
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EGCO Group Supplier Code of Conduct
The EGCO Group Supplier Code of Conduct is built upon the Ten Principles of the United Nations Global Compact (UNGC) as well as our internal company standards and serves as a guide for our suppliers to follow.
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ESG Risk Assessment and Integration of ESG Factors into Supplier Selection
EGCO Group considers sustainability assessment results and ESG factors when selecting and screening suppliers to ensure suppliers can deliver raw materials and services that meet our company’s standards and expectations.
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Critical Supplier/ Significant Supplier Analysis
EGCO Group identifies suppliers as critical/significant based on spend amount, business relevance, and risk assessment results, categorized by the type of sustainability issue they pertain to. In additional, the criteria of country risk, sector risk and commodity risk are considered.
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Supplier Audit and Corrective Action
Critical/ Significant suppliers are audited annually. They are subject to an in-depth risk assessment to evaluate and ensure compliance with the Supplier Code of Conduct, laws and regulations, and various other measures.
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Supplier Capacity Building
Since 2018, EGCO Group has been consistently developing initiatives and organizing recurring activities aimed at taking supplier engagement to the next level.
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Performance Data
Updated as of March 2023
The information reported above was prepared in accordance with the Global Reporting Initiative Standards (GRI Standards). It has been audited by an external party and has received limited assurance through the 2022 Annual Report.